Natixis Advisors LLC Raises Stake in REV Group, Inc. (NYSE:REVG)

Natixis Advisors LLC grew its stake in REV Group, Inc. (NYSE:REVG) by 50.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,497 shares of the company’s stock after purchasing an additional 15,228 shares during the period. Natixis Advisors LLC owned approximately 0.09% of REV Group worth $1,277,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Amalgamated Bank increased its holdings in shares of REV Group by 67.5% during the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after buying an additional 716 shares during the last quarter. Farther Finance Advisors LLC increased its stake in REV Group by 27.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after buying an additional 461 shares during the period. CWM LLC lifted its holdings in REV Group by 525.6% in the 2nd quarter. CWM LLC now owns 4,010 shares of the company’s stock worth $100,000 after buying an additional 3,369 shares in the last quarter. Atria Investments Inc purchased a new position in REV Group in the 3rd quarter valued at about $201,000. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of REV Group by 257.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after acquiring an additional 5,420 shares in the last quarter.

Analyst Upgrades and Downgrades

REVG has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $33.00 price target on shares of REV Group in a research note on Thursday, September 5th. StockNews.com lowered REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group raised their price target on shares of REV Group from $22.00 to $25.00 and gave the stock a “sell” rating in a research report on Thursday, September 5th.

REV Group Trading Down 3.5 %

Shares of NYSE:REVG opened at $30.85 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. REV Group, Inc. has a 12-month low of $14.87 and a 12-month high of $32.74. The firm has a fifty day moving average of $28.33 and a two-hundred day moving average of $27.46. The firm has a market capitalization of $1.60 billion, a P/E ratio of 7.36 and a beta of 1.59.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The business had revenue of $579.40 million during the quarter, compared to analysts’ expectations of $618.70 million. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The firm’s revenue was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, equities analysts expect that REV Group, Inc. will post 1.42 EPS for the current fiscal year.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Friday, September 27th. REV Group’s dividend payout ratio (DPR) is presently 4.77%.

REV Group Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.